"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Electric heat tracing is a system that is used to retain or hoist the temperature of objects like pipes and vessels using electric heating cables. Electric heating cables are wire cables that generate heat using electricity and are often referred as trace heating cables. It has wide range of industrial applications like heat loss replacement, viscosity control, freeze protection, pipe tracing, temperature maintenance and other. Heating cable systems are designed to provide protection from the low temperature problems. Particularly designed heating cables systems are used to keep walkways and driveways free from ice that avoid pedestrian accidents and reduces time and efforts to clear the ice from the roads.
The increasing demand for the electric heating cables for industrial applications is likely to drive the market. In laboratories, researchers who work for materials science use these heating systems to heat a sample of the matter isotropically. They use trace heating and control the heat energy transfer. Trace heating is an efficient way of slow heating an entity to compute thermodynamic properties like thermal expansion. The increasing usage of the heaters, de-freezing kits, trace heating in industries for heat loss replacement, temperature control, and viscosity control shall foster the demand for trace heating substantially increasing the demand for electric heating cables.
Key Market Driver -
Increasing demand from residential and commercial sectors.
Key Market Restraint -
Overheating and fire accidents.
However, overheating can lead to circuit breaks and fire accidents which at times can cause sebvere damage and large fires. This is likely to hamper the market growth for the electric heating cables market.
Based on type, the market is segmented into self regulated heating cable, constant wattage heating cable, mineral insulated heating cable, and skin effect heating cable. Based on application, the market is segmented into industrial, residential, and commercial.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global electric heating cable market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the market includes SST Group, Thermon Inc., Bartec, Raychem Corporation, Emerson Electric Co., AnBang Electric Corp, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the largest share in market attributed to the increasing demand from commercial and residential sector. Europe is the second largest market for the electric heating cable due to the cold climatic condition in the european region. Asia Pacific is expected to grow moderately due to the industrialization in emerging countries like China, India, and South Korea. Latin America & Middle East & Africa is expected to show sluggish growth by the end of forecast period, due to the hot and dry climatic condition of the tropical region.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry